Westbourne Villas, Hove
- PROPERTY TYPE
House
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Auction Date: 22nd November 2022
- Incredibly Rare Opportunity
- Freehold Period Property as 3 Self Contained Flats
- 2 Assured Shorthold Tenancies and 1 Regulated Tenancy
- One of Hove's Finest Locations
- Significant Investment and Uplift Value
- Current Rental Income is 34,560 Per Annum
- EPC Ratings C,D,D
Description
Auction Guide £800,000 to £825,000
CASH BUYERS ONLY
A very rare opportunity to be able to purchase this residential freehold part possession investment comprising of 3 self contained with significant future uplift potential, rarely available in today's market.
Schedule of Tenancies
2 Bedroom Ground Floor Flat with private west facing rear garden let to an Assured Shorthold Tenant at a passing rent of £1,025 pcm (£12,300 per annum)
First Floor Flat let to an Assured Shorthold Tenant at a passing rent of £1,000 pcm (£12,000 per annum)
Second (Top) Floor Flat let to a Statutory Tenant protected under the 1977 Rent Act at a passing registered rent of £855 pcm (£10,260 per annum) last registered on 3 August 2021 with the next increase able to be applied for from 3 May 2023
Total passing rent is £34,560 per annum however and as mentioned above, the rent in respect of the top floor flat is able to be applied for increase from 3 May 2023 whilst in the opinion of the auctioneers, the rent received in respect of the ground floor flat and the first floor flat are significantly under market value.
As a note of interest, we understand the property has be owned by the same family of the past 102 years.
Brochures
Westbourne Villas, Hove- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Westbourne Villas, Hove
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Aldrington Station0.5 miles
- Hove Station0.7 miles
- Portslade Station1.1 miles
About the agent
Lextons Auctions, Sussex
174 Church Road, Hove, BN3 2DJ
Having worked at the top of the London property market, we know estate agents often get a bad rap and it's easy to see why. But Lextons is different.
Choose Lextons and you will discover an estate agency founded on honesty, straight-talking advice and a service that puts our clients' interests above our own.
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Visit our security centre to find out moreDisclaimer - Property reference 32806387. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Lextons Auctions, Sussex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Lextons Auctions, Sussex on 01273 109874.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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